UPS Financial News

Cardea, a wealth manager established in 2018, is looking forward to a fresh start – and it’s getting a multimillion-dollar kickstart from a prestigious source.

“If an investor had invested Rs 1 crore at fund lunch the value would be Rs 1.82 crore at the end of July which means Rs 82 lakhs of wealth created in just over 2 years,” says Aditya Sood, Fund Manager, InCred Asset Management. In an interview with ETMarkets, Sood said: “This is primarily due to bottom-up stock selection and sizing the high conviction stocks 9 stocks in the portfolio have generated returns ranging from 100-300 percent in the portfolio” Edited excerpts: The Emerging Business Fund delivered impressive performance in July 2024. Could you walk us through the numbers and what worked?

Reserve Bank of India allowed foreign currency cards on RuPay. In FY24, there were 968 million transactions via RuPay cards, lower than 1.26 billion in FY23. The quantum of transactions remained unchanged at ₹2.4 trillion across both years.

Mint in an interview. Rising investor interest has led to the Tata Group's retail company's shares appreciating 250% in the past one year to Wednesday's closing price of ₹6,776.70 apiece on the BSE. Trent's market capitalization of more than ₹2.40 trillion makes it the fourth-most valuable Tata company, behind Tata Consultancy Services Ltd, Tata Motors and Titan Ltd.

Tim Walz accepts the Democratic nomination for vice president on Wednesday with 11 weeks to go before he and presidential running mate Kamala Harris face Republican former President Donald Trump in the 2024 U.S. election. Walz, 60, a military veteran, former high school teacher and football coach, will talk about growing up on a farm in Nebraska, his family and freedoms that Democrats say are under attack from Trump, making his third run for the White House. Walz has brought a folksy charm to the campaign trail, describing himself and Harris as «joyful warriors» focused on a brighter future, in contrast to Republicans who they say are stoking fear and division.

NEW DELHI : India's economic boom has opened up a lucrative new playground: the legal profession. The surge in corporate activity, fuelled by an accelerating economy and a burgeoning middle class, has created a voracious appetite for legal services. This, in turn, has sparked fierce competition among top-tier law firms to recruit law graduates.

dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in the U.S. job market backed the case for interest rate cuts. The dollar sagged below the closely watched 145 yen mark as U.S. Treasury yields slid, ahead of weekly jobless claims data later in the day and a hotly anticipated speech by Fed Chair Jerome Powell at the central bank's annual Jackson Hole symposium on Friday.

₹200 crore. The Indian cosmetics brand, created under the watch of the late J.R.D. Tata in 1952, had taken wing in 1952 when Simone Tata, Noel Tata's mother, joined the board.

Open a demat account: If you don’t already have a demat account, this is your first step. It’s similar to setting up an online account—simple, straightforward, and usually done with a depository participant (DP) such as a bank or brokerage firm. Obtain a conversion request form (CRF) from your broker: Your DP acts as the intermediary between you and the financial markets.

Zomato has stopped using AI-generated food images. Artists and several others have also come out against such images. While there might be a compelling case for AI-generated images in some instances, platforms have to ensure transparency.

Toronto-Dominion Bank’s expensive foray into the U.S. was supposed to supercharge its growth. Instead, it’s become a drag on profitability and badly dented the lender’s reputation.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Cristiano Ronaldo's Al Nassr FC will play Al-Raed in the Saudi Pro League opening match of the season on Thursday. The new season of the 18-team league is starting on August 22 and will culminate in May, 2025. Portuguese soccer star Ronaldo's Al Nassr FC vs Al-Raed soccer match is scheduled to kick off at 2 pm (ET). The football game between Al Nassr FC vs Al-Raed will be live telecast on Fubo which offers free trial. Cristiano Ronaldo is lining up for another Saudi Pro League season with the main aim of helping Al-Nassr end the dominance of Riyadh rival Al-Hilal. Ronaldo signed for Al-Nassr in December 2022 and has yet to win a domestic trophy with the club. In a social media post this week, he wrote: New season, same goal.

inter-ministerial panel has cleared five-six investment proposals in the electronics manufacturing sector, which include some pure-play Chinese companies and others with connections to the neighbouring country, people familiar with the matter said. The development is significant as these are among the first such approvals in recent times given border tensions and the scrutiny that investments from China have been attracting in India. Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The price of gold hit an all time high this week

Private market AUM is set to more than double the growth rate of public assets, creating a rich opportunity for asset managers and wealth firms alike, according to a recent analysis by Bain & Company.

Canada’s two major freight railroads could come to a halt Thursday if they can’t resolve a contract dispute

The Bank of Canada’s view that the worst is behind us was challenged recently by warning signs from two key sectors of the economy, say economists.

As more older Americans navigate financial uncertainty, a significant chunk of the workforce is opting to gradually transition into retirement, according to a recent survey by WTW.